At a Glance
NFX is a venture capital firm based in San Francisco, CA founded in 2015. We are a VC firm investing in pre-seed and seed stage startups. We back exceptional Founders building market-transforming companies. The firm focuses on Pre-Seed, Seed investments across sectors including AI, Biotech, Marketplace. The firm manages $1B in assets under management. Notable portfolio companies include Lyft, Trulia, OpenDoor, ClassDojo, Patreon, Morning Brew, Bevy and Choreo. Founder-led firm that backs network effect businesses and provides proprietary Signal platform analytics and CEO Guild support network.
“Founder-led firm that backs network effect businesses and provides proprietary Signal platform analytics and CEO Guild support network.”
SEC records show nine NFX entities, all California partnerships except one Delaware series vehicle. The core line runs from NFX Capital Fund I, LP through Fund II and Fund III to Fund IV, which filed a Form D on March 22, 2023 for a $450 million offering. Pete Flint, James Currier, Gigi Levy-Weiss, Morgan Beller and Omri Amirav-Drory are named on that filing as managing members of the general partner of the general partner.
Around the core funds the firm has built a layer of concentration vehicles: NFX Capital Opportunity Fund I, LP, NFX C2-B Advantage, LP, NFX SL Advantage I, L.P. and NFX SST Advantage I, L.P., plus a Delaware special purpose vehicle, NFX SST Advantage Feb 2026, formed under an NFX SPV Master LLC. That structure lets a pre-seed and seed firm keep concentrating capital in breakout companies well past its entry point. NFX does not publish sizes for Funds I through III or a consolidated committed capital figure.
NFX primarily invests at the Pre-Seed, Seed stages. This means they focus on companies that are at the earliest idea or prototype phase.
NFX is headquartered in San Francisco, CA. Many of their portfolio companies are also based in this region, though they invest across geographies.
NFX focuses on investments in AI, Biotech, Marketplace. Their portfolio reflects deep expertise and networks within these sectors.
NFX's typical investment check size ranges from $500K to $5M. Actual amounts may vary based on the stage, sector, and specific opportunity.
NFX manages approximately $1B in assets under management (AUM) across their funds.
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